The launch of FedNow in the U.S. has catalyzed a new era of always-on, real-time payments, forcing financial institutions to rethink liquidity and operational models. By mid-2025, over 380 banks and credit unions have joined the FedNow network, enabling 24/7 settlement for both consumer and B2B payments. This shift is driving a fundamental change in treasury operations, with intraday liquidity management tools seeing 57% YoY adoption growth.

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But with real-time speed come new risks. Fraud attempts on instant rails have surged by 23% since FedNow’s launch, prompting institutions to invest in AI-based transaction monitoring and biometric verification. Meanwhile, the cost economics of 24/7 payments are still maturing while FedNow charges just $0.045 per transaction, banks report indirect costs (compliance, fraud risk, staffing) totaling $0.19–$0.27 per payment, depending on integration maturity.

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FedNow isn’t just a faster rail it’s a structural reset of U.S. payments. The winners will be institutions that can balance liquidity efficiency with airtight fraud control at minimal cost per transaction.

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5 Key Quantitative Takeaways

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• 380+ U.S. banks onboarded to FedNow by mid-2025
• 57% YoY growth in intraday liquidity tools
• 23% rise in fraud attempts post-FedNow launch
• $0.045 FedNow processing fee vs $0.19–$0.27 true cost per txn
• AI-based fraud tools up 41% among early adopters

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Download the full report to analyze ROI benchmarks, fraud mitigation frameworks, and liquidity innovations in a 24/7 payment world.

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